Balance Sheet Structure
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Net assets of the Group
The Group’s balance sheet total rose by 25.1% to € 16,304 million year-on-year. This increase mainly resulted from additions to the group of consolidated companies in the wake of the formation of TUI Travel PLC.
The application of uniform accounting and measurement methods following the merger with First Choice and the first-time application of the provisions of IAS 23 (‘Borrowing Costs’) had immaterial effects on some of the Group’s balance sheet items. In order to enhance comparability, the values for the 2006 financial year were restated accordingly. Explanatory information and a reconciliation table are provided in the notes on the consolidated financial statements in section ‘Accounting principles’.
Development of the Group’s asset structure
| € million | 31 Dec 2007 | 31 Dec 2006 | Var. % |
|---|---|---|---|
| Fixed assets | 10,877.7 | 9,522.5 | + 14.2 |
| Non-current assets | 629.9 | 635.1 | - 0.8 |
| Non-current assets | 11,507.6 | 10,157.6 | + 13.3 |
| Inventories | 208.7 | 129.3 | + 61.4 |
| Current receivables | 2,965.2 | 1,883.4 | + 57.4 |
| Cash and cash equivalents | 1,614.0 | 688.7 | + 134.4 |
| Assets held for sale | 8.8 | 171.4 | - 94.9 |
| Current assets | 4,796.6 | 2,872.8 | + 67.0 |
| Assets | 16,304.2 | 13,030.4 | + 25.1 |
| Equity | 3,124.2 | 3,007.4 | + 3.9 |
| Liabilities | 13,180.0 | 10,023.0 | + 31.5 |
| Equity and liabilities | 16,304.2 | 13,030.4 | + 25.1 |
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© TUI AG Geschäftsbericht 2007 |